These programs often differ from standard loans by offering more flexible underwriting but may come with higher initial costs.
: Often considered the primary "second chance" government program, FHA loans allow for scores as low as 500–580 and have shorter "seasoning periods" (waiting times) after bankruptcy or foreclosure compared to conventional loans. 2nd chance home buying program
: Some private lenders, such as Griffin Funding or ACC Mortgage , allow for new mortgages as soon as one day after a foreclosure or bankruptcy discharge. These programs often differ from standard loans by